India: Household Sewing Machine Market 2024

Household Sewing Machine Market Size in India

The Indian household sewing machine market surged to $X in 2021, with an increase of 18% against the previous year. In general, consumption, however, recorded a pronounced reduction. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Household Sewing Machine Production in India

In value terms, household sewing machine production expanded slightly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the production volume increased by 129%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Household Sewing Machine Exports

Exports from India

In 2021, approx. X units of household sewing machines were exported from India; jumping by 24% on 2020 figures. In general, exports recorded a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 42%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, household sewing machine exports soared to $X in 2021. Overall, exports posted buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Nepal (X units), Myanmar (X units) and Afghanistan (X units) were the main destinations of household sewing machine exports from India, together comprising 57% of total exports. These countries were followed by Bangladesh, Uganda, Tanzania, Burkina Faso, Guinea, Egypt, Nigeria, Iraq, Yemen and Pakistan, which together accounted for a further 27%.

From 2012 to 2021, the biggest increases were recorded for Guinea (with a CAGR of +181.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for household sewing machine exported from India were Afghanistan ($X), Myanmar ($X) and Nepal ($X), with a combined 32% share of total exports. Bangladesh, Burkina Faso, Tanzania, Guinea, Uganda, Nigeria, Egypt, Iraq, Yemen and Pakistan lagged somewhat behind, together comprising a further 36%.

Guinea, with a CAGR of +193.2%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average household sewing machine export price stood at $X per unit in 2021, increasing by 14% against the previous year. Over the period under review, the export price, however, recorded a deep reduction. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Guinea ($X per unit), while the average price for exports to Nepal ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Guinea (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Household Sewing Machine Imports

Imports into India

After two years of decline, purchases abroad of household sewing machines increased by 43% to X units in 2021. In general, total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +8.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of 50% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, household sewing machine imports soared to $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Thailand (X units), China (X units) and Vietnam (X units) were the main suppliers of household sewing machine imports to India, together accounting for 97% of total imports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +57.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest household sewing machine suppliers to India were Thailand ($X), Vietnam ($X) and China ($X), with a combined 93% share of total imports.

Vietnam, with a CAGR of +42.2%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average household sewing machine import price stood at $X per unit in 2021, jumping by 16% against the previous year. Over the period under review, the import price, however, saw a abrupt setback. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (-4.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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